Hyundai Merchant Marine to Spend $2.8 Bln on 20 Containerships
South Korea's largest shipping line Hyundai Merchant Marine (HMM) said it will invest 3.153 trillion won ($2.84 billion) for 20 new large containerships to be delivered by June 2021.In June this year, the company signed letters of intent for ship orders with South Korea's top three shipbuilders Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries.DSME and Samsung will build seven and five 23âŠ
Acclaimed Disabled Sailor takes on the Atlantic
The celebrities were out in force at the recent Southampton Boat Show. Led by Duran Duranâs Simon Le Bon, ably supported by sailing legend Sir Robin Knox-Johnston, TV wildlife presenter and trained diver Miranda Krestovnikoff, BAFTA award-winning wildlife expert Steve Backshall, explorer, writer and TV presenter Monty Halls and Diane Youdale, otherwise known as Jet from Gladiators. But the real star of the show was Natasha Lambert.
My Friend The Sea
My Friend the Sea is a story about growing up at sea, set against the background of ships and the beauty of the oceans. It's a tale of ambition, adversity and dealing with prejudice. Packed full of adventures and stories of traveling the world on ships, visiting far off lands, and meeting all manner of people, including eccentric distant relatives in Australia, a drunken captain, another who was a tyrantâŠ
Donât Wait to Install BWMS -ClassNK
There are thousands of vessels worldwide that still need to be fitted with ballast water management systems (BWMS), and regulatory deadlines are only drawing nearer.Owners and operators who have yet to bring their ships into compliance are better to do so earlier rather than later. This is the advice of classification society ClassNK, who analyzed the retrofitting status of its registered ships andâŠ
AFAI Launches New Cat Passenger Ferry
Chinese shipbuilder AFAI has launched a new 40-meter catamaran passenger ferry for domestic operator Zhuhai Fast Ferry Company.The new vessel, named Xin Hai Bin, is designed by Australia-based Incat Crowther, whose relationship with AFAI dates back to 1982, when the yard built the first Incat Crowther ferries to enter service in China. In 2018, Xin Hai Bin is the 50th Incat Crowther-designed vesselâŠ
Norway Should Invest in Kongsberg Share Issue -Government
Norway should invest about 2.5 billion Norwegian crowns ($306.26 million) in Kongsberg Gruppen's planned share issue, to help pay for the firm's acquisition of Rolls-Royce's Commercial Marine unit, the government proposed on Friday.If approved by parliament, the proposal would allow the government to uphold its stake of 50.01 percent in Kongsberg Gruppen.The acquisition and the government's intention to take part in a share issue were first announced in July.($1 = 8.1631 Norwegian crowns)(Report
Dynamically Positioned for the Future
OSVDPA accredits Texas A&M Maritime Academy to provide dynamic positioning (DP) training to its cadets.In early September, the Offshore Service Vessel Dynamic PositioningâŠ
Coast Guard, Industry Partner on LNG Inspector Training
The Liquified Natural Gas (LNG) Natonal Center of Expertise, industry experts provide technical training for future LNG fueled vessel inspectors.The Coast Guardâs Liquefied Gas Carrier National Center of Expertise (LGC NCOE) partnered with Coast Guard Sector Jacksonville to coordinate a four-day âLNG as Fuel Workshopâ Sept. 17-20, 2018, for future inspectors of LNG fueled vessels, with support from industry experts and the Coast Guardâs Marine Safety Center.TogetherâŠ
KNOT Concludes TC Contract for Two Shuttle Tankers
Norway-headquartered Knutsen NYK Offshore Tankers (KNOT) has concluded a time-charter contract for two shuttle tankers with Equinor ASA for a maximum 20-year periodâŠ
Equinor Subsea Pact with Aker Solutions, TechnipFMC
Equinor is signing collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and internationally.For several decadesâŠ
ZIM-MSC Connecting India and East Mediterranean Ports
ZIM Integrated Shipping Services (ZIM) and MSC Mediterranean Shipping Company have announced a new cooperation on the India sub-continent â Mediterranean trade.
CMA CGM Inaugurates the Incubator ZeBox
Rodolphe Saadé, chairman and chief executive officer of CMA CGM Group and French minister in charge of transport Elisabeth Borne inaugurated ZeBox, a new startâŠ
Key People Changes in Aegean Marine Petroleum Network
International marine fuel logistics company Aegean Marine Petroleum Network (AMPNI) announced that President Jonathan McIlroy will leave the Company, effective November 15âŠ
HFW, BIMCO to Draft First 2020 Bunker Clause
The law firm HFW has helped shipping association BIMCO draft its first clause relating to the International Maritime Organization's 2020 sulphur emission rules.The GlobalâŠ
DNV GL Completes Due Diligence of Worldâs Largest Offshore Wind Farm
DNV GL has successfully completed a lendersâ technical due diligence on Ørstedâs Hornsea Project One, the worldâs largest offshore wind farm with a total capacity of 1.2 GW.The projectâŠ
Scorpio Bulkers in Ultramax Vessel Deal
Scorpio Bulkers has entered into a financing transaction in respect of one of the Companyâs Ultramax vessels with an unaffiliated third party.A press release fromâŠ
Louis Dreyfus CEO, CFO Quit
Louis Dreyfus Company announced the surprise departures of its chief executive and head of finance on Tuesday, triggering another reshuffle at the commodities giant as it strives to recover from weak agricultural markets.The group said in a statement that Gonzalo Ramirez Martiarena had resigned as CEO after three years in the post to pursue other opportunities, and would be replaced with immediate effect by Ian McIntoshâŠ
HST Orders Second Fast Crew Supplier
U.K. based High Speed Transfers (HST) has finalized an order for a second Fast Crew Supplier (FCS) 2710 from Damen Shipyards Group. The contract was signed Wednesday during WindEnergy Hamburg.The vessel, to be named HST Sofia, will be HSTâs second FCS 2710 since becoming the launching customer for the vessel type earlier this year.The FCS 2710 builds on the predecessor FCS 2610, but is upgraded to deliver more flexibilityâŠ
ABB to Boost Superyacht Sustainability and Efficiency
A new 80-meter superyacht, built at the Nobiskrug shipyard in Germany, will feature a wide scope of ABBâs technologies that will enhance its environmental performance and help the vessel comply with the International Maritime Organizationâs new Tier III regulations. The new regulation comes into force for all superyachts from 2021 onwards and requires nitrogen oxide (NOx) emissions to be 70 percent lower than those permitted under current limits.Due delivery in 2019âŠ
Oldendorff Orders Shaft Power Torque Meters
U.K. based Datum Electronics has been awarded a contract from Oldendorff Carriers to supply its owned fleet with Datum Shaft Power Meter systems to seamlessly integrate with various existing ship performance monitoring systems.The addition of shaft power torque meters will help Oldendorff to further optimize fuel consumption and reduce emissions as the owner continues implementing fleet and ship performanceâŠ
